ECOWAS: Market for Coal Other Than Lingite 2025

Market Size for Coal Other Than Lingite in ECOWAS

The ECOWAS coal other than lingite market soared to $X in 2022, picking up by 22% against the previous year. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +50.5% against 2017 indices. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the near future.

Production of Coal Other Than Lingite in ECOWAS

In value terms, coal other than lingite production rose slightly to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible increase. The pace of growth appeared the most rapid in 2013 with an increase of 4,215%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Coal Other Than Lingite

Exports in ECOWAS

Coal other than lingite exports skyrocketed to X tons in 2022, with an increase of 108% compared with the previous year's figure. Overall, exports continue to indicate a strong increase. The growth pace was the most rapid in 2017 when exports increased by 888% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, coal other than lingite exports soared to $X in 2022. Over the period under review, exports showed a buoyant increase. The growth pace was the most rapid in 2017 when exports increased by 367% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Nigeria prevails in exports structure, recording X tons, which was near 98% of total exports in 2022. Cote d'Ivoire (X tons) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the coal other than lingites exports, with a CAGR of +80.6% from 2012 to 2022. Cote d'Ivoire (-10.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria increased by +98 percentage points.

In value terms, Nigeria ($X) remains the largest coal other than lingite supplier in ECOWAS, comprising 97% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 2.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria stood at +78.9%.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, with an increase of 18% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 108%. Over the period under review, the export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Cote d'Ivoire stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+0.6%).

Imports of Coal Other Than Lingite

Imports in ECOWAS

In 2022, imports of coal other than lingites in ECOWAS totaled X tons, with an increase of 5.8% compared with 2021. Over the period under review, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of 58% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, coal other than lingite imports soared to $X in 2022. Overall, imports enjoyed a resilient increase. The growth pace was the most rapid in 2014 with an increase of 51% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Senegal (X tons) represented the main importer of coal other than lingites, mixing up 49% of total imports. Togo (X tons) took a 19% share (based on physical terms) of total imports, which put it in second place, followed by Benin (14%), Nigeria (7%) and Mali (4.8%). Ghana (X tons) and Niger (X tons) followed a long way behind the leaders.

Imports into Senegal increased at an average annual rate of +9.1% from 2012 to 2022. At the same time, Niger (+64.4%), Nigeria (+25.4%), Benin (+20.9%), Togo (+8.1%) and Ghana (+3.4%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +64.4% from 2012-2022. Mali experienced a relatively flat trend pattern. From 2012 to 2022, the share of Benin, Nigeria and Niger increased by +9, +5.3 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest coal other than lingite importing markets in ECOWAS were Senegal ($X), Togo ($X) and Nigeria ($X), with a combined 77% share of total imports. Benin, Mali, Niger and Ghana lagged somewhat behind, together accounting for a further 23%.

Niger, with a CAGR of +64.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, picking up by 20% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform